{"data":{"id":"us-tx/tex.-finance-code-124.002","jurisdiction":"us-tx","citation":"Tex. Finance Code § 124.002","heading":"LIMITATIONS ON INTEREST RATES.","body":"The interest rate on a loan to a member may not exceed:\n(1) 1-1/2 percent per month on the unpaid balance;\n(2) 28 percent a year to the extent that federal credit unions are permitted to charge that rate; or\n(3) a higher rate authorized by law, including a rate authorized by Chapter 303.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2013, 83rd Leg., R.S., Ch. 19 (S.B. 244), Sec. 16, eff. September 1, 2013.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE D. CREDIT UNIONS","CHAPTER 124. LOANS AND INVESTMENTS","SUBCHAPTER A. GENERAL PROVISIONS CONCERNING LOANS TO MEMBERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.124.htm#124.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"d7f008b87f40e4a449143c1c8b086effd18841982c96cb9edb5eb96c16d4ba0b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-124.001","next":"us-tx/tex.-finance-code-124.003"},"notice":"GroundRules: Original legal text. Not legal advice."}